Allied Market Research
Loading...
0
Allied Market Research

POS Payment Market By Product (Mobile Point-of-sales Terminal and Fixed Point-of-sale Terminal), Component (Hardware, Software, and Services) and Deployment (Cloud-based and On-premises): Global Opportunity Analysis and Industry Forecast, 2020–2027

A10023
Pages: NA
Aug 2021 | 600 Views
   
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Pos Payment Market

Request Now !

POS Payment Outlook - 2027

A point-of-sales (POS) terminal is an electronic device used by the hospitality, healthcare, retail, entertainment, and other verticals. In addition, it involves in processing the card or proximity payments, inventory management, and various other features by a single machine. Furthermore, POS enables consumers to track & record transactions and further connect to the main system for data storage.

Moreover, ongoing technological enhancements such as cloud-based POS and mobile POS with bar code scanner in the systems is enhancing the efficiency of the businesses by providing high returns on investments. Therefore, surge in demand for easy & accessible point-of-sales terminal for payments, inventory management, and numerous other features is expected to boost the market growth for the market in the near future.

The global POS payment market is segmented on the basis of product, component, deployment and region. Based on product, the market is divided into mobile point-of-sales terminal and fixed point-of-sale terminal. In terms of component, the market is categorized into hardware, software, and services. On the basis of deployment, the market is divided into cloud-based and on-premises. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global POS payment industry include AURES Group, BBPOS Limited, Bematech SA, Bitel Co. Ltd., Castles Technology Co. Ltd., Cisco Systems Inc., Diebold Nixdorf Inc., Fujian Newland Payment Technology Co. Ltd., and Ingenico Group and Micros Systems Inc.. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global POS payment market.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available For Years

2019–2027

Base Year Considered

2019

Forecast Period

2020–2027

Forecast Units

Value ($)

Segments Covered

Product, Component, Deployment, and Region

Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and Middle East & Africa

Companies Covered

Major players analyzed include AURES Group, BBPOS Limited, Bematech SA, Bitel Co. Ltd., Castles Technology Co. Ltd., Cisco Systems Inc., Diebold Nixdorf Inc., Fujian Newland Payment Technology Co. Ltd., and Ingenico Group and Micros Systems Inc.

 

COVID-19 Scenario Analysis

  • The POS payment market is expected to grow significantly during COVID-19 health crisis, as the consumers have largely switched to cashless means such as contactless cards, Google Pay, and other measures for initiating a financial transaction. This is will prevent physical contact and curb the spread of coronavirus.
  • Owing to the pandemic situation, several small & medium-sized businesses & the buyers are shifting to the digital payment systems such as POS, RFID, and others, which help retailers to process payments via digital platform.
  • Contactless card POS payment is anticipated to increase as a preferred method of payment, due to the spread of COVID-19 as the POS payment methods require no or very few physical interactions during the transactions.

Top Impacting Factors

Stringent government policies for the adoption of POS technology, rise in demand for easy & convenient payment methods, and increase in adoption of smartphones are driving the growth of the market. However, security & privacy concerns related to POS terminal is expected to hamper the growth of the market. Contrarily, progressive & advanced developments in the regulatory framework for the POS payment can be seen as an opportunity for the market investments.

Security and Privacy Concerns Related with POS Terminal

POS payment method delivers a better payment solution with several features such as higher operability, reliability, and flexibility services. However, majority of consumers have been dependent on cash for executing day-to-day transactions and has witnessed for the change from cash to card transactions due to the implementation of POS payment methods. 
Furthermore, the POS payment mode stores information such as purchasing pattern, amount, location along with other insights. The additional information stored increases the risk of unofficial usage of the personal data which in turn increases the security as well as privacy concerns amongst the consumers. Therefore, increase in security and privacy concerns related with POS terminal, will hamper the growth of the market in the near future.

Rise in Demand for Easy and Convenient Payment Methods

The POS payments which offers an association with the corporate & retail environments and ensures secured & faster transactions, is expected to maintain its dominance during the forecast period. Furthermore, the POS terminal provides additional level of ease during the use of contactless cards for the payment of the POS terminal. The transaction details are stored in the central processing unit (CPU) chip, Subscriber Identity Module (SIM), and other forms inside the POS terminal in a secure element. 

Moreover, stored information becomes easier for the retailers to identify the transaction and is useful for the sellers in multiple ways such as to manage the inventory and tracking the transactions. Therefore, the rise in demand for easy and convenient payment methods, will foster the growth for the global POS payment market in the upcoming years.

Key Segments Covered

Segments

Sub-Segments

Product

  • Mobile Point of Sales Terminal
  • Fixed Point of Sales Terminal

Component

  • Hardware
  • Software
  • Services

Deployment

  • Cloud-Based
  • On-Premises

 

Key Benefits of the Report

  • This study presents analytical depiction of the global POS payment market forecast along with the current trends and future estimations to determine the imminent investment pockets.    
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the POS payment market share.     
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global POS payment market growth scenario.         
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.    
  • The report provides a detailed POS payment market analysis depending on the present and future competitive intensity of the market.

Questions Answered in the POS Payment Market Research Report    

  • Which are the leading players active in the global POS payment market size?
  • What would be the detailed impact of COVID-19 on the global POS payment market?
  • What are current POS payment market trends that would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the global POS payment market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

RELATED TAGS

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
POS Payment Market

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers